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Frequently asked questions
Many analysts have predicted a bright future for Kusama. They believe its price may rise, and it could be a good investment for people who buy it when the price is dropped. Its history also shows it was a profitable investment before. However, Kusama is a volatile and unpredictable crypto like other cryptocurrencies; anything may affect its future.
Yes. According to the Swedish Income Tax Act, selling cryptocurrency will require you to
declare capital gains tax no matter a profit or loss. Note that, it is important that you calculate
the selling price in local currency at the time of sale.
Yes. According to the Swedish Income Tax Act, there are no taxations for buying crypto assets.
But you have to make sure that you keep documentation of the purchase price of the crypto
asset for it to be added to your average cost basis.
The Kusama coin was released in October 2019, the same time as its network was created.
It is estimated that 1.88% of the citizens in Sweden, about 196,948 people, own some form of
crypto assets in their possession.
Gavin Wood is the founder of Kusama and Polkadot. He was one of the co-founders of Ethereum, who left the company in 2015. Therefore, he was completely familiar with the cryptocurrency world. He created the Kusama network in 2019.